In India, there are several credit card companies. As a result, clients have a variety of alternatives at their disposal. Navigating through the many products in India’s dynamic credit card industry, where a myriad of options cater to unique individual demands, may be fierce.
To make the choosing process easier, we’ve compiled a comparison of several credit cards, assessing their cashback perks and other features to find the best value they provide.
Best Cashback Credit Cards
1. Cashback SBI Credit Card
Cashback SBI Credit Card rewards your digital transactions by providing a 5% cashback on online purchases with no merchant limits and an additional 1% cashback on offline purchases. The cashback, however, is limited to Rs 5,000 per month.
2. Axis Bank Ace Credit Card
The Axis Bank Ace Credit Card is suitable for people who are mostly concerned with utility bill payments. With a 5 per cent cashback on Google Pay bill payments and a 4 per cent cashback on popular services like Swiggy, Zomato, and Ola, this card may be a good fit for you.
It is crucial to note, however, that the cashback for the 5% and 4% categories is limited to a total of Rs 500 every month. In addition, the card provides 2% unlimited cashback on all other purchases.
3. Flipkart Axis Bank Credit Card
Flipkart Axis Bank Credit Card offers rewards on your spending by offering a 5% cashback on Flipkart purchases and a 4% cashback at recommended merchants like as Swiggy, Cleartrip, and Cult.fit, PVR, Tata Play, and Uber.
There is no monthly cashback limit with 1.5 per cent cashback on airfare and hotel payments at Flipkart and Myntra, as well as on all other purchases.
4. Amazon Pay ICICI Credit Card
Amazon Pay ICICI Credit Card provides 5% cashback on Amazon for PRIME members, 3% cashback on Amazon for non-PRIME members, 2% cashback on Amazon partner retailers, and 1% cashback on other purchases. This is a credit card that is free for life.
5. HSBC Cashback Credit Card
The HSBC Rewards Credit Card gives 1.5 per cent rewards on all online purchases. But it excludes wallet reloads and 1% cash back on all other purchases. Cashback is available on EMI transactions at the merchants listed. This credit card has an annual charge of Rs 750.
Once you get a credit card, you must use it wisely and properly. Because credit cards provide a substantial amount of interest-free time, there may be a tendency to overspend when shopping. If you spend more than you can afford and fail to pay your credit card account on time. Then you will face high-interest rates ranging from 28 to 49 per cent per annum as well as late payment penalties.